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PA Governor Wants Alternative to Isle's Plan for Penguins

Friday, January 27, 2006

PITTSBURG, Pennsylvania - As reported by the Pittsburg Post-Gazette: “The agreement the Penguins have with Isle of Capri Casinos Inc. to fund a new arena prevents the team from discussing alternatives
  with state and local leaders, Gov. Ed Rendell said yesterday.

“During an appearance in Pittsburgh, Mr. Rendell said he, Allegheny County Chief Executive Dan Onorato and Mayor Bob O'Connor have been frustrated in their efforts to discuss an alternative because of that agreement.

“...Penguins consultant David Morehouse confirmed that the agreement with Isle of Capri prevents the team from discussing anything but the slot machine plan. The casino operator is pledging to provide $290 million for an arena as part of its bid for the state gaming license.

“...Mr. Rendell said he's interested in developing a backup plan, one that likely would involve some level of public subsidy, because there is no guarantee that Isle of Capri will win the license.

“It is competing against two others for the sole Pittsburgh license -- Forest City Enterprises, in partnership with Harrah's Entertainment, for a casino at Station Square and Detroit businessman Don Barden for a venue on the North Shore."

Isle of Capri Casinos
600 Emerson Road
Suite 300
St. Louis, MO 63141
Phone: (314) 813-9200
Toll Free Phone: (800) THE ISLE
Website: www.islecorp.com
Isle of Capri Casinos, Inc., operates 13 casinos in 11 locations. The company owns and operates riverboat and dockside casinos in Biloxi, Lula and Natchez, Mississippi; Lake Charles (2 riverboats), Louisiana; Bettendorf, Davenport and Marquette, Iowa; and Kansas City and Boonville, Missouri. The company also owns a 57 percent interest in and operates land-based casinos in Black Hawk (two casinos), Colorado. Isle of Capri's international gaming interests include a casino that it operates in Freeport, Grand Bahama and a two-thirds ownership interest in casinos in Dudley, Walsall and Wolverhampton, England. The company also owns and operates Pompano Park Harness Racing Track in Pompano Beach, Florida.
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